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Malaysia – Companies (Amendment) Bill 2023 [Issue 2 of 3]
In this edition of our newsletter, we delve into the multi-phase consultation process leading to policy reform, structured as a four-stage progression. We also examine the policy clusters that aim to fortify corporate mechanisms, governance, and reporting standards, highlighting their status and developments.
Pandora - the world's largest jewelry brand by sales volume, built a 150 million USD factory in Binh Duong, operating from 2026. Located in Vietnam Singapore Industrial Park 3 (VSIP III), the factory has an area of ​​more than 50,000 m2, on a campus of about 7.5 hectares. This is the company's fourth jewelry manufacturing facility in the world and the first outside of Thailand.
When people choose Itemize Deductions on their 2023 personal income tax, they should pay attention to the conditions when reporting medical and maternity expenses. Not all expenditures can be reported as deductions.
Meta AI, powered by the cutting-edge Meta Llama 3 technology, is making waves as one of the world's premier AI assistants. It's already at your fingertips on popular platforms like Facebook, Instagram, WhatsApp, and Messenger, offering free assistance that helps you get things done, learn, create, and connect with what matters to you.
The Hong Kong Special Administrative Region Government announced on November 9, 2017 that wine re-exported from Hong Kong enjoy instant customs clearance in all customs districts of Mainland China.
The Companies (Amendment) Bill 2023 was table for first reading in Parliament on 10 October 2023. Subsequently, it was tabled and passed at the 2nd and 3rd reading in Parliament on 28 November 2023 and approved by the Dewan Negara on 13 December 2023.
Moody’s announced 2024’s rating and maintains rating at Aa3 with a stable outlook, and affirms the performance of the central bank’s policy.
The preliminary assessments indicate that the labor market sustained its growth trajectory in the first quarter of 2024, albeit at a moderated pace compared to previous periods. Notably, total employment (excluding Migrant Domestic Workers) expanded during the first quarter despite a moderately tight labor market environment. This growth was primarily propelled by an increase in resident employment, with unemployment rates remaining at low levels. Additionally, retrenchment figures decreased for the second consecutive quarter.
The Financial Secretary proposed a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2023/24 by 100%, subject to a ceiling of $3,000 per case.
Vietnam is an attractive FDI destination in the eyes of foreign investors despite rising geopolitical instability on the globe, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam.

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Hong Kong

PREMIA TNC LIMITED

Unit 706, 7/F, South Seas Centre Tower 2, No.75 Mody Road, Tsim Sha Tsui, Hong Kong

Contact Person

Irene Tsang
Aeris Lam

Contact Number

Singapore

Premia TNC (Singapore) Pte. Ltd.

8 Marina View, #39-04 Asia Square Tower 1, Singapore 018960

Contact Person

Amy Tan
Luis Wong

Contact Number

Taiwan

Premia TNC (Taiwan) Ltd.

18F-2, No.163, Sec. 1, Keelung Rd, Xinyi Dist, Taipei City 110, Taiwan (R.O.C)

Contact Person

Wells Lee

Contact Number

Vietnam (Hanoi)

Premia TNC (Vietnam) Co. Ltd.

4/F, Epic Tower, Alley 19, Duy Tan Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, Vietnam

Contact Person

Vincent Truong

Contact Number

Vietnam (Ho Chi Minh)

Premia TNC (Vietnam) Co. Ltd.

3/F, Sonatus Building, 15 Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Contact Person

Vincent Truong

Contact Number

Malaysia (Johor Bahru)

Premia TNC (Malaysia) Sdn. Bhd.

G-05, Residensi Eko,Jalan Eko Botani 3/5, Taman Eko Botani, 79100 Iskandar Puteri, Johor Darul Takzim, Malaysia.

Contact Person

Lily Lim

Contact Number

Malaysia (Kuala Lumpur)

Premia TNC (Malaysia) Sdn. Bhd.

Suite 6-1, Level 6, Lobby A, Wisma UOA II, No. 21 Jalan Pinang, 50450 Kuala Lumpur

Contact Person

Mandy Siew

Contact Number

Korea

Premia TNC Korea Limited

5F, K-Square, 161 Yanghwa-ro,
Mapo-gu, Seoul, South Korea

Contact Person

Jennifer Seo

Contact Number

China

Premia TNC (Xiamen) Limited

Room 2501, Ocean Mansion, No.268 Lujiang Road, Siming District, Xiamen, Fujian, China

Contact Person

Vicky Lin

Contact Number

UAE (Dubai)

Premia TNC (Middle East) - FZCO

Dubai Silicon Oasis, DDP, Building A1, Dubai, United Arab Emirates

Contact Person

Irene Tsang
Catherine Kim

Contact Number

India

Premia TNC India Limited

A40, Sector80, PhaseⅡ, Noida, Dist.Gautam Budha Nagar, UP 201305 India

Contact Person

Hema Sehgal

Contact Number

Indonesia

Premia TNC Indonesia Limited

One Pacific Place 15th Floor
Jl. Jend. Sudirman Kav.
52-53 Jakarta 12190 Indonesia

Contact Person

Indonesia PIC

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